Mutual of America Capital Management LLC Decreases Stake in Visa Inc. (NYSE:V)

Mutual of America Capital Management LLC cut its position in shares of Visa Inc. (NYSE:V - Free Report) by 3.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 215,551 shares of the credit-card processor's stock after selling 7,042 shares during the quarter. Visa accounts for 0.9% of Mutual of America Capital Management LLC's investment portfolio, making the stock its 14th biggest holding. Mutual of America Capital Management LLC's holdings in Visa were worth $75,542,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of V. Platform Technology Partners lifted its stake in shares of Visa by 17.6% in the 1st quarter. Platform Technology Partners now owns 11,496 shares of the credit-card processor's stock worth $4,029,000 after acquiring an additional 1,722 shares during the period. BankPlus Trust Department grew its position in shares of Visa by 2.5% in the first quarter. BankPlus Trust Department now owns 5,380 shares of the credit-card processor's stock valued at $1,885,000 after purchasing an additional 129 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Visa by 5.8% during the first quarter. Arizona State Retirement System now owns 514,099 shares of the credit-card processor's stock worth $180,171,000 after buying an additional 28,412 shares during the last quarter. Valued Wealth Advisors LLC raised its stake in shares of Visa by 12.3% in the first quarter. Valued Wealth Advisors LLC now owns 338 shares of the credit-card processor's stock valued at $118,000 after purchasing an additional 37 shares in the last quarter. Finally, Realta Investment Advisors lifted its holdings in shares of Visa by 9.5% during the 1st quarter. Realta Investment Advisors now owns 2,929 shares of the credit-card processor's stock worth $1,026,000 after acquiring an additional 254 shares during the period. Hedge funds and other institutional investors own 82.15% of the company's stock.

Analyst Upgrades and Downgrades

V has been the subject of a number of research reports. Morgan Stanley increased their target price on Visa from $386.00 to $402.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Visa in a research report on Thursday, July 17th. They issued a "buy" rating and a $410.00 target price for the company. Mizuho raised Visa from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $359.00 to $425.00 in a research note on Thursday, June 5th. Macquarie boosted their target price on shares of Visa from $380.00 to $425.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. Finally, William Blair restated an "outperform" rating on shares of Visa in a report on Wednesday, April 30th. Five analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $380.84.

Visa Stock Performance

V stock traded down $7.76 during midday trading on Thursday, reaching $331.98. 8,793,604 shares of the company were exchanged, compared to its average volume of 6,237,998. Visa Inc. has a one year low of $257.92 and a one year high of $375.51. The business has a 50-day moving average price of $353.36 and a two-hundred day moving average price of $346.87. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $612.55 billion, a price-to-earnings ratio of 32.42, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, topping analysts' consensus estimates of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The business had revenue of $10.17 billion during the quarter, compared to analysts' expectations of $9.82 billion. During the same period last year, the company posted $2.42 earnings per share. The business's quarterly revenue was up 14.3% on a year-over-year basis. Equities research analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Tuesday, August 12th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, August 12th. Visa's dividend payout ratio is presently 23.05%.

Insider Activity at Visa

In related news, insider Paul D. Fabara sold 11,636 shares of Visa stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total value of $4,363,500.00. Following the completion of the sale, the insider directly owned 26,413 shares in the company, valued at $9,904,875. This trade represents a 30.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Mcinerney sold 8,630 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total value of $3,053,466.60. Following the sale, the chief executive officer owned 537 shares in the company, valued at $190,001.34. This trade represents a 94.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,100 shares of company stock worth $27,643,224. Company insiders own 0.13% of the company's stock.

Visa Company Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.